Samoa’s Chamber of Commerce has urged the Government to undertake key tax reforms to boost investment.
Those recommendations were made as part of a suite of private sector suggestions to build exports during the annual Private Sector and Government Budget Forum.
Chamber President, Namulau’ulu Sami Leota emphasised the need for Government to engage in structural tax reform, address supply side constraints and consider Public- Private Partnerships wherever possible.
He said the Chamber is providing clear recommendations to Government on how some of these challenges can be addressed, through the commercialization of agriculture, strengthened extension services and targeted tax reform to boost investment.
The Chamber’s Chief Executive Officer, Ane Moananu, explained that the 13 ministries and organisations currently involved in export promotion is too many.
She says this fragmented approach was a key driver for the export sector’s poor performance and slow development.
Chamber urged Government to consider enabling tax reform including a reduction to the corporate tax rate and incentives for remittances to be invested in support of local projects.